The Advantages and Disadvantages of Using Secondary Data Are Not

question 10

True/False

The advantages and disadvantages of using secondary data are not the same as agency records.

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Definitions:

UCC Article 3

It governs negotiable instruments, including checks and notes, within the Uniform Commercial Code.

Checks

Financial instruments that instruct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.

Drawer

The party that writes an order, or the person who writes a check.

Payee

The party that receives the benefit of an order (check, etc.).